AgroFresh Solutions Inc. (AGFS) Shares Up 3.2%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares shot up 3.2% during trading on Monday . The stock traded as high as $5.86 and last traded at $5.77, with a volume of 77,629 shares trading hands. The stock had previously closed at $5.59.
Separately, Zacks Investment Research upgraded shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Monday, May 2nd.
The company’s market capitalization is $287.42 million. The stock has a 50-day moving average of $5.30 and a 200 day moving average of $5.52.
AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.46. The firm had revenue of $28.40 million for the quarter, compared to the consensus estimate of $30.80 million. Analysts predict that AgroFresh Solutions Inc. will post $0.17 EPS for the current fiscal year.
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is engaged in providing specialty chemical solutions. The Company’s flagship product is the SmartFresh Quality System. The Company’s SmartFreshSM Quality System is a freshness protection technology that is used to maintain firmness, texture and appearance of fruits during storage and transport.
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